Reinsurance Manager

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

The position will serve as the successor to the established role of Head: Reinsurance, with the express intent of being developed in order to replace/succeed our current Head of RI within the next 3 years. The position is developed in context of the attached development/organogram, whereby the RI Discipline within the Guardrisk Group will be advanced in a multifaced approach, whereby we will enhance both our client facing abilities as well as providing greater technical skill and delivery.  Responsible for the management of the non-life reinsurance division in respect of providing leadership and management to the reinsurance team and support functions i.e technical reinsurance accounting and reinsurance Claims including other Guardrisk divisions and external clients.

Please note that this particular role will initially be focused on greater client engagement and delivery of optimized reinsurance solutions to cell captive and business.

The role encompasses seeking optimum reinsurance solutions for the company and our clients in line with the company strategic objectives.

Management of the team to achieve the following outputs:

To support the growth in the business and deliver greater internal capacity, thereby reducing reliance and cost of external reinsurance service suppliers. We seek to be more visable and engaged with our client base- current setup and skills/experience does not allow for that.

Delivering appropriate and optimised reinsurance advice to Cell captive clientele;

Reinsurance programme structuring in line with client's and GR strategic objectives;

Negotiate renewal and new business with Reinsurers and reinsurance brokers;

Ensure accurate and timeous completion of reinsurance contracts;.

Collate underwriting information and data for compilation of risks profiles and cresta aggregates.

Compile quarterly performance reports for the respective portfolio- encompassing analysis of claims development, understanding of clients pricing methodology and underwriting philosophy.

Conduct regular meetings with all relevant stakeholders i.e. internal technical divisions, clients, reinsurers and reinsurance brokers in order to ensure efficient reporting to all parties.

Keep abreast of the developments in the reinsurance market in order to identify any movements that could adversely or positively affect the security of any  reinsurer in Guardrisk approved panel of reinsurance partners.

Contribute to the completion of the annual statutory reports in respect of the reinsurance components of the report.

Provide input in scoping auditing requirements for Internal Audit.

Provide input and comments on Regulatory papers requiring reinsurance input.

Ensure reinsurance guidelines and processes are adhered to.

Produce monthly Management reports.

Monitoring and review of Strategic Key Risks Indicators per the Risk register.

Provide training to other divisions as and when required.

Qualifications

Matric /Grade 12

Relevant Degree & Insurance qualification

FAIS compliant

Experience

10 years' experience in the insurance or reinsurance industry

Experience in cell captive industry would be advantageous.

Experience and competence in team management and leadership.

Strong understanding of cell captive mechanisms and the broader insurance landscape, including UMAs, General and Specialist insurance sectors, and reinsurance markets.

Attention to Detail

Analytical

Solutions driven

Negotiation and influencing skills

Good interpersonal skills

Ability to work independently

Ability to work under pressure

Must advocate our Company Values (Integrity, Accountability, Teamwork, Diversity and Innovation)

Leadership